The New York Green Bank announced its debut transactions, expected to stimulate US$800 million of investment for clean energy projects in New York.
Santander Bank will provide a US$377 million credit facility to Solar Star California XIII, a SunPower hold co.
Risen Solar, based in Ningbo, Zhejiang province, China is to invest US$600 million in a 300MW solar plant in Mexico.
SunEdison has closed construction finance with Deutsche Bank for a 26MW solar power plant in California.
US wholesale energy provider, Southern Power announced it has acquired a 150MW solar plant in California.
The European Council has reached an agreement over the 2030 climate and energy policy framework.
Soitec Solar Development, a subsidiary of semiconductor manufacturer Soitec, has agreed a 150MW module deal with a North American PV energy provider. The customer has a power purchase agreement with San Diego Gas & Electric (SDG&E) for the solar project in California.
SPI and GD Solar are to develop 500MW of solar in China, each year from 2015 to 2017, for a total of 1.5GW.
The US Department of Energy SunShot Initiative granted solar financier Mosaic a second award in the amount of US$650,000 to support its home solar loan programme that should help the initiative’s mission to make solar a cost-competitive form of electricity by the end of the decade.
Europe’s climate and energy future hangs in the hands of politicians meeting in Brussels today and tomorrow.
Soitec SA (Bernin, France) on October 23rd, 2014 announced that Soitec Solar Development, LLC, a wholly owned subsidiary, has entered into a sales agreement with one of the largest providers of solar energy services in North America to sell 150 MW (AC) of Power Purchase Agreements (PPAs) to San Diego Gas & Electric (SDG&E) for a solar CPV project under development in California.
Construction of the project that is expected to deploy up to 83,400 Soitec concentrator photovoltaic (CPV) modules is subject to certain conditions pertaining to the transaction.
SPI Solar (Roseville, Calif., US) on October 23rd, 2014 announced that its wholly owned subsidiary, SPI Solar Power Suzhou Co., Ltd. (SPI Meitai Suzhou), has entered into several agreements with GD Solar Co., Ltd. (GD Solar) to acquire existing PV projects from GD Solar and develop new PV projects with GD Solar.
SolarWorld announces busy days at Solar Power International in Las Vegas. Tens of thousands of solar-industry participants gathered for Solar Power International (SPI) for the first time in this desert city.
SolarWorld showcased a portfolio of solar photovoltaic (PV) products featuring the high performance and reliability that increasingly sophisticated customers seek in maximizing the value of energy production over the lives of solar systems.
On October 23rd, 2014 REC Solar ASA (Oslo, Norway) announced financial results for Q3, 2014 including solar PV module revenues of USD 149.1 million, down 9.3% from Q2, 2014, due mainly to the seasonal slowdown in Europe.
Over the past months REC has signed several major long term contracts in the US residential and utility-scale PV markets, totalling 685 MW, of which approx. 532 MW are expected to be delivered in 2015, the company notes.
NRG Energy Inc. (Princeton, New Jersey, U.S.) and MGM Resorts International (Las Vegas, Nevada, US) on October 23rd, 2014 announced the completed installation of the world’s largest solar photovoltaic (PV) rooftop array on a convention center.
Covering approximately 20 acres atop the Mandalay Bay Resort and Casino, the 6.4 megawatt direct current photovoltaic array (5.0 MWac) will produce enough solar power to supply the equivalent of approximately 1,000 U.S. homes annually and is the first of its kind on the Las Vegas Strip.
REC Group (Oslo, Norway) has closed two supply agreements with Recurrent Energy, LLC (San Francisco, California, U.S.), a leading North American solar photovoltaic (PV) project developer, for the supply of an aggregate of 300 MW photovoltaic panels for utility-scale developments in California.
REC will supply the recently introduced Peak Energy 72 Series panels from Q1 2015 until Q2 2016 at a fixed price, the company notes.
Building on President Obama’s Climate Action Plan to cut carbon pollution and continue U.S. leadership in clean energy innovation, Energy Secretary Ernest Moniz on October 22nd. 2014 announced more than USD 53 million for 40 innovative research and development (R&D) projects that aim to drive down the cost of solar energy, tackling key aspects of technology development in order to bring innovative ideas to the market more quickly.
On October 22th, 2014 the VDE Testing and Certification Institute in conjunction with Fraunhofer ISE, a German solar research institute, announced the issuance of VDE Quality Tested (QT) Certification to First Solar Inc. (Tempe, Arizona, US) for its design, engineering and construction of the Macho Springs 50 MW (AC) power plant located in Luna County, New Mexico.
The plant, which went into commercial operation in May, 2014, utilizes First Solar’s thin-film modules and balance of system technology. A first for the industry, the successful QT certification of the complete PV plant marks the implementation of a strategic alliance to enhance technical bankability, the partners report.
Renewable energy investment company Low Carbon (Kings Langley, UK) and utility-scale solar developer Nur Energie (London, UK) are partnering in the development of a flagship 2 GW concentrating solar power (CSP) export project in the Tunisian Sahara.
The TuNur project will be connected to the European electricity grid via a dedicated cable, the partners announced.
Amber Infrastructure (London, UK) on October 22nd, 2014 announced that it is acting as the sole funder for the UK’s largest roof mounted solar photovoltaic (PV) array on the Marks and Spencer plc (M&S) East Midlands Distribution Centre in Castle Donington.
The PV project, which is expected to be completed in early 2015, will span the site’s 900,000 sq ft roof and will generate over 5,000 MWh of solar power year, enough to power 1,190 homes.